Solana (SOL) has recently faced challenging price trends, with its decline having stopped, but the altcoin is struggling to regain support at $200. Despite Solana's demand surpassing that of Ethereum in recent months, this difficulty persists, highlighting a disconnection between interest and price behavior. Solana outperforms Ethereum. Solana's demand has consistently outpaced Ethereum, as seen from the hot realized capital metric. According to a report by Glassnode, this week SOL's hot realized capital reached $9.5 billion, more than double Ethereum's $4.1 billion. This indicates ongoing investor interest and increased activity within the Solana network. "When comparing the scale of new capital entering assets between Solana and Ethereum, we can observe that new investor demand for Solana has surpassed that of Ethereum for the first time, highlighting its strong demand characteristics. Notably, the sharp rise in Solana's hot realized capital before the start of 2024 marks an upward turning point in the SOL/ETH ratio, with the inflow of new capital driving growth." Glassnode noted. Solana's hot realized capital. Source: Glassnode. Solana's macro momentum presents a complex outlook. The change in SOL's realized capital has only increased by 2.19%, far below Bitcoin's 10.87% and Ethereum's 5.43%. This disparity highlights that Solana's momentum loss is occurring at a faster pace than the two major cryptocurrencies. This slowdown in realized capital growth indicates a bearish short-term outlook, meaning Solana's network activity has not kept pace with its rising demand. To regain stronger momentum, SOL needs a recovery in realized capital growth and broader market support. Solana's realized capital. Source: Glassnode. SOL Price Prediction: Facing Resistance. Solana's price is currently struggling to regain support at $200, trading at $185 at the time of writing. This aligns with the bearish short-term outlook, suggesting that SOL may continue to face resistance in breaking through this key psychological level. Hovering around the support level of $175, Solana remains in a precarious position. Losing this support could subject the altcoin to a correction, with $155 becoming the next significant support level. This decline would deepen bearish sentiment and delay any attempts at recovery. Solana Price Analysis. Source: TradingView. However, positive market signals could allow Solana to flip $200 into support, thereby overturning the bearish argument. Achieving this milestone could trigger a surge towards $221 or higher, restoring confidence in the cryptocurrency's upward trend. Sustained demand and broader market optimism will be key drivers of this scenario.#solana #以太坊现货ETF $ETH